Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Catapults Back to the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 17, 2018

BlackRock Catapults Back to the Lead

Reported by Neil Anderson, Managing Editor

For a second month in a row, less than one-third of the biggest fund firms had positive net inflows.

The information within this article draws from Morningstar Direct data on November 2018 open-end mutual fund and ETF flows (excluding money market funds and funds of funds), and focuses specifically on the 27 firms with more than $100 billion each in mutual fund and ETF AUM. Eight of those firms gained net inflows last month, while 19 suffered net outflows.

BlackRock gained a big flows lead, increasing its monthly net inflows by more than 28 times to an estimated $30.349 billion in November (up from $1.064 billion in October). Other big November winners included: Vanguard, $10.683 billion (up from $9.025 billion); SSgA, $4.898 billion (up from $7.485 billion in net outflows); Fidelity, $3.78 billion (down from $6.929 billion); and Schwab, $2.555 billion (up from $1.831 billion).

BlackRock also took the lead proportionately among the biggest fund firms, with estimated November net inflows equivalent to 1.82 percent of its AUM, up from 0.07 percent in October. Other big winners in November included: Schwab, 1.25 percent (up from 0.92 percent); Lord Abbett, 1.14 percent (up from 0.74 percent); SSgA, 0.76 percent (up from 1.19 percent in net outflows); and Fidelity, 0.26 percent (down from 0.46 percent).

On the flip side, Franklin Templeton led the big fund firm pack in outflows last month, suffering an estimated $2.889 billion in net November outflows, up from $2.572 billion in October. Other big November sufferers included: Pimco, $2.772 billion (up from $2.626 billion); OppenheimerFunds, $2.354 billion (up from $1.233 billion); Invesco, $1.859 billion (down from $4.339 billion); and John Hancock, $1.72 billion (down from $34 million in net inflows).

Proportionately, among the biggest fund firms, John Hancock led the outflows pack last month with estimated net November outflows equivalent to 1.29 percent of its AUM, down from 0.03 percent in net October inflows. Other big November sufferers included: Principal, 1.26 percent (up from 0.51 percent); OpFunds, 1.25 percent (up from 0.65 percent); Legg Mason, 0.96 percent (up from 0.13 percent); and Franklin Templeton, 0.82 percent (up from 0.73 percent).

As a group, fund families with more than $100 billion in AUM each brought in a combined $31.095 billion in net inflows, equivalent to 0.21 percent of their combined AUM. That's up from $5.885 billion in net outflows in October.

Across the whole industry, long-term open-end mutual funds and ETFs suffered a combined $1.443 billion in net outflows in November, equivalent to about 0.01 percent of industry AUM. That's down from $29.184 billion in October. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use